2,651 Shares in Oracle Corporation (NYSE:ORCL) Bought by Davies Financial Advisors Inc.

Davies Financial Advisors Inc. bought a new stake in Oracle Corporation (NYSE:ORCL - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 2,651 shares of the enterprise software provider's stock, valued at approximately $371,000.

Several other institutional investors have also recently bought and sold shares of ORCL. Cookson Peirce & Co. Inc. lifted its position in shares of Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after acquiring an additional 60 shares during the period. New England Capital Financial Advisors LLC raised its stake in Oracle by 6.4% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider's stock valued at $177,000 after purchasing an additional 64 shares in the last quarter. Cape ANN Savings Bank lifted its position in Oracle by 1.1% during the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider's stock worth $970,000 after purchasing an additional 65 shares during the period. Greenwood Gearhart Inc. grew its stake in Oracle by 1.2% during the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after buying an additional 66 shares in the last quarter. Finally, WorthPointe LLC increased its holdings in Oracle by 4.0% in the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after buying an additional 67 shares during the period. Institutional investors own 42.44% of the company's stock.

Insiders Place Their Bets

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the transaction, the insider now owns 1,097,576 shares of the company's stock, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 427,366 shares of company stock worth $80,183,723. Corporate insiders own 42.20% of the company's stock.

Oracle Trading Up 1.2%

NYSE:ORCL opened at $210.63 on Friday. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $216.60. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.02 and a current ratio of 0.75. The firm's fifty day moving average is $158.93 and its 200-day moving average is $161.36. The firm has a market cap of $589.13 billion, a P/E ratio of 48.53, a P/E/G ratio of 3.16 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The business's quarterly revenue was up 11.3% compared to the same quarter last year. Equities analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is 46.08%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Roth Capital reiterated a "hold" rating on shares of Oracle in a research report on Wednesday. Barclays reaffirmed an "overweight" rating and issued a $221.00 target price (up previously from $202.00) on shares of Oracle in a report on Friday, June 13th. Citigroup reiterated an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. Mizuho dropped their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, Guggenheim raised their price objective on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $196.74.

Oracle Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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